Problem: Financial Interest
1. What are the differences between simple interest and compound interest
2. With regards to money: What are the differences between future value and present value?
3. What considerations do you need to take when considering "time value of money"?
4. Why is the following statement true? "A dollar today is worth more than a dollar tomorrow."
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.